LINK

Alert

Funding spread now, next payment 16:00 UTC+0.0276%/8h

next payment, per $10,000+$0.35paid, last 24h+0.070%paid, last 3 days+0.169%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	12.975	0.0080	pay 0.0010% / 1h	39m 35s	$2.0M	$2.0M	10x
Short	Reya LINKRUSDPERP	12.960	0.0356	get 0.0045% / 1h	39m 35s	$4K	$400	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ReyabpOrdersRate

Funding earned: $57.98
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $51.98
Break-even: 0.7 days

Slippage unknown: Lighter: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.113%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 4 min ago	2.88 bp	6.1 bp −$6	14.1 bp −$141	87.8 bp −$8,779	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit LINK_USDC-PERPETUAL	−0.0303%	1h	$699K	$81K	50x	as long as short
Kraken Futures PF_LINKUSD	−0.0173%	1h	$6.1M	$6.7M	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0085% / S +0.0157%	1h	$1.7M	—	200x	as long as short
SoDEX LINK-USD	−0.0063%	1h	$8K	$45K	10x	as long as short
Phoenix LINK	−0.0062%	1h	$3K	$47K	10x	as long as short
Variational Omni LINK	−0.0017%	8h	$3.2M	$1.2M	—	as long as short
Gate LINK_USDT	−0.0003%	8h	$131.9M	$12.4M	75x	as long as short
dYdX LINK-USD	0.0000%	1h	$344K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$450K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0007%	1h	$177K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit LINKUSDT	+0.0005%	8h	$80.2M	$60.7M	75x	as long as short
Paradex LINK-USD-PERP	+0.0027%	8h	$31K	$2K	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
Binance LINKUSDT	+0.0050%	8h	$118.3M	$284.4M	75x	as long as short
MEXC LINK_USDT	+0.0051%	8h	$34.0M	$56.8M	300x	as long as short
OKX LINK-USDT-SWAP	+0.0069%	8h	$27.4M	$90.3M	50x	as long as short
Lighter LINKlong	+0.0080%	1h	$2.0M	$2.0M	10x
Coinbase International LINK-PERP-INTX	+0.0088%	1h	$1.0M	$2.7M	50x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$547K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0099%	8h	$190K	$1.6M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$430K	$363K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$78.8M	$20.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.5M	$2.2M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$271K	$167K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$197K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.2M	$17.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$53.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$19.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$386K	$358K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$311K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$653K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$74K	$44K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.6M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$645K	$1.1M	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$680K	$1.9M	25x	as long as short
BloFin LINK-USDT	+0.0173%	8h	$5.2M	$10.7M	75x	as long as short
Phemex LINKUSDT	+0.0324%	8h	$20.3M	$11.3M	50x	as long as short
Reya LINKRUSDPERPshort	+0.0356%	1h	$4K	$400	20x